BEIJING (Reuters) - China's infrastructure investment is expected to pick up in the second half of the year due to policy support, the country's statistics bureau said on Tuesday, after official data showed infrastructure spending slowed in the first seven months.
China's economic growth is still within a reasonable range, the bureau's spokeswoman Liu Aihua told reporters.
Growth in infrastructure spending, a powerful economic driver last year, slowed to 5.7 percent in January-to-July, from an increase of 7.3 percent in the first six months.
(Reporting by Kevin Yao; Writing by Ryan Woo; Editing by Sam Holmes)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app